Accelerant expands into Canada

Accelerant Holdings, which offers capacity to MGAs and program administrators, announced its expansion into the Canadian market through the acquisition of P&C insurer Omega Insurance Holdings from Till Capital Ltd.

With this acquisition, Accelerant now has regulatory approval to welcome Canadian MGAs.

The deal was initially announced in June 2021 with Accelerant agreeing to pay Till an aggregate purchase price of 1.15 times the book value of Omega as of closing, or approximately C$13,126,000 as of September 30, 2022, in exchange for all of the issued and outstanding shares of Omega.

“Accelerant’s entry into Canada is an exciting culmination of years of work to understand and meet the unique needs of Canadian managing general agents and program administrators.” – Jeff Radke, CEO and co-founder of Accelerant.